eight european banks fail stress test for a worst case economic scenario with threatening to rain down on the euro and the current financial storm. rupert murdoch says sorry for the phone hacking by the news of the world as his media empire built on sleaze and scandal tries to stave off the self-destruction. preparation work is underway to lift the russian cruiser from the bottom of the volga river aimed at shedding more light on why the vessel when the most around one hundred thirty nine s. the operation to raise the sunken bulgaria has begun hopefully providing answers

the grieving relatives and investigators will bring you all the details from the recovery site in just a moment. with news and comment from around the world this is r.t. live in moscow with the twenty four hours a day eight out of nineteen european banks have failed stress tests designed to determine whether they'd fall in the event of another crisis the majority of those in spain become feared to be next in line for buying out meanwhile on friday italy passed seventy billion euro worth of cuts to fend off its own spiralling debts but it's not the sarah firth now reports the euro fairy tale seems to be moving closer to collapse. as the clouds gather in bad battle continue the times keep now lie ahead for. everybody.

for the future if you think countries like italy looking on increasingly unstable ground can hear a ride out this financial still this is really something quite frightening if indeed italy. goes into big trouble on the financial markets this is certainly a totally new face of this euro crisis you mention here a fairy tale was all too appealing countries trip save themselves for a bite of the g.c. apple but now many are left requesting taking the bait with. the bad i mean the product exposed to this follows. after more than a decade of businesses like that it says they've been hit hard and so shopping street in athens is still bustling with problems with the economy means that many

businesses here in greece simply got around killing the year in one year here in prices many of the members we could commies it didn't mean european wages if one blotch three another year of skeptics he wanted danger from the start they have become the unlikely heroes in this tale just who the hell do you think you people are you are very very dangerous people indeed your obsession with creating this euro state means that you're happy to destroy democracy you appear to be happy for millions and millions of people to be out in cloyd and to be poor old millions but suffer so that your euro dream to continue if you rob people of their identity you rope of their democracy but they are left with these nationalism. violets are now waking up to the reality of the night man that says the euro is a political prison for poor countries such as greece and spain and they need to be

liberated from their prison recreate their own currencies have devaluation make their exports cheaper make it easier for tourists to visit their countries and they'll get back in on their feet greece ireland portugal italy spain it dominates continue to topple the year and it seems there will be no happily ever after. that i see athens. and on the other side of the atlantic president obama has warned the u.s. is quickly running out of time to deal with its own financial troubles congress must raise the current fourteen point three trillion dollars debt ceiling while the dharma is urging the parties to ignore political differences and avert armageddon economics professor agree get tremblay believes a deal will be struck and the debt limit will once again. the united states is not in the same position as any other country this is the country currencies use

internationally and therefore only can afford to print more dollars. and the euro are only out of currency but their debt level is very high they raise the debt ceiling each year and they have done it for how they will be raised because the president obama has a tradition of giving in to the demands of the republicans he did that he did it twice before so the republicans are. expecting that he will do the same he will take a fall a few days or a few hours before the deadline of august second there could be a similar situation as that happened in one thousand nine hundred four when the representative. closed the government for a few few days ocean if you are nearly two weeks. held very much to president clinton a bad time to be reelected in one thousand nine hundred six that's right president obama is hoping now that the republicans will be

a story extremist then they in two thousand and twelve next year you may be reelected you with r.t. life your last guest ahead here the love of labor is hard work that is the driving force behind the country's economic success leaving western countries a lagging behind. and from a russian orphanage to a girl thing prodigy report a young man's latest challenge to try to trace his sibling. group a lot of has made a public apology for the phone hacking scandal that he called serious wrongdoing by the news of the world and is rapidly losing out on both sides of the landscape with his company under pressure from all angles journalists action returns he told me earlier felt some people are set to benefit from the meltdown at the docks meter empire. the political classes here finally feel freed up for the first time in decades or decades so i do think piecing particularly work everyone is watching for

tuesday's committee where rupert murdoch and his son james will appear so it'll be interesting to see that i think we should remember that the prime minister brian me probably not today because it's saturday said the truth is we've all been in this together the press politicians and leaders of all parties and yes that includes me for a story indictment for democracy in this country and coming through that i suppose one could say that it was multinationals who are using murdoch in a way savan lobbying rupert murdoch gets the big companies big multinationals and so forth that seem to get things done by helping him he's behind me perhaps not as bad as in washington but i don't think it's the end of outside influences outside on democratic forces as regards influences on the parliamentarians behind me it is interesting that he owned these newspapers and they will say rupert murdoch loves newspapers he basically had a new scrapers so that he could manipulate monopoly concerns over his broadcast interests which actually did make money unlike the newspapers newspapers are just

tools of war he has lots of enemies out there he probably a lot of ammunition to hold back and grab the thanks to all the muckraking journalists who spent their time. looking at sex scandals really he does have lots of friends one should add but it looks as some m.p.'s have it unbelievable that he has the right to own any form of media in this country we're about to talk about the united states because that's where it gets really interesting the democratic party in congress is a full on party doesn't really have anything any hope left now the president obama has destroyed his reputation warmongering and and his sort of reaganites economic policies as he deals with the deficit so democrats have nothing much to do but they all hate one particular. and to all cable channel four news and i'm hearing that if if the nine eleven victims have been hacked by subsidiaries or for news corp then

fox news is finished it took it took a most curious case of hacking rather than any kind of regulator ie a body to be able to get murdoch through finally. to finally overthrow with an amazing story will be. looking forward to a hollywood blockbuster. action returns he told him it in the area where despite the scandal in the u.k. there remains a strong demand for got a journalism united states through him by hard hitting headlines and scurrilous scoops readers are still buying it in huge numbers and the stars which reports. facts drugs cheating and lies phony political scandal flashing dirty laundry. and crime stories almost beyond human imagination. all this is served on a platter and sold for a couple of quarters by its outboards. or something. moms in the freezer.

veteran journalist michael musto is one of millions falling for the bait of catchy headlines even though he knows the business inside out in america we don't break the law per se but they do have sleazy tactics i mean they will the story they probably make up sources i mean when you read them a source of anonymous source said well who is it. you just make up the quote themselves. queen said global law a lot of times i feel they're just inventing his quotes to back up the thesis of the story fascination with scandal is almost religiously observed in the u.s. and great britain we are both countries and both media environments and gossip sells and there's a tremendous interest in celebrity both countries are of was after rupert murdoch's news of the world newspaper phone hacking shocker broke in london his empire stretches far and wide across the u.s.

as well. as the wall street journal and the daily at a protest outside rupert murdoch's big apple pad protesters demanded an investigation into his publications at home we know. because he was caught and we want congress to investigate what he's doing here in the united states we don't know if newspapers or other people in this country yet but i see no reason to put it past them so how far from potential public embarrassment do american newspaper stand but the ones that are owned by rupert murdoch without question the new york post. is one of the most hideous deceitful. tools of the criminals that there could be when it comes to getting scandal fuld in the u.s. counting on the readers short attention span is a common publishing trick jennifer aniston and brad pitt have gotten together about forty two times so far this year and i haven't seen the photographs together since two thousand and six they're able to keep selling and repackaging the same story that isn't even

a story no publication would admit to paying for. information but that's also often a technicality what a lot of mainstream news publications can get away with doing is even though they won't explicitly give someone money in exchange for an interview someone might set up a terrible organization and then the news what happened to donate twenty thousand dollars to that charitable organization the culture of sensationalism in the process putting the future of journalism on the line the anglo-american style is it's trashy it's ribald there's just sort of this snickering tone is very american and you know we're a juvenile society where young society i don't really know what the words excuses i mean they've been around a long time but. we blame it on them because we're their children well some will always remain fascinated by tabloids as right continue to sell others have reached a breaking point and i don't have that great of a sense of what happens in britain but i know it's pretty bad here and there are a lot of people who are really upset about the culture news in america and just how

little information seems to get out between all the gossip the press has to be vigilant and in the united states the press has fallen asleep and r.t. new york. well newspaper gossip columns have become a reading habit for millions of people and laurie healthiness asks new yorkers now why. seems to be taking over the news. how has tabloid journalism become so influential and so popular in today's world this week let's talk about that i mean people like to read about other people's business. and now it. newspapers have to try to compete with the internet. with up to date you know. dirt i think it's absolute trash there's no space in this world for it at all i hope they'll go under but they're

not going under they're increasing in power i don't believe that this is going to be the biggest takedown ever rupert murdoch is going down i think it's more of a pop culture based audience and so the journalists kind of cater to that and in turn it's kind of fun for them to be secret detectives but isn't it terrible i mean it might be fun but it's still criminal acts it's horrible i hate journalists you know whatever that whatever it takes to get the story of her whoever they want you know do you do you have that attitude at your job no not at all so what makes journalists special they're not special there are the opposite of special they have no scruples we have another mark true because. people. like to end where you've a right. to him. that's not what journalism supposed to be what's true but never believe the media's. if you're just going to keep getting worse probably do

you think journalism like that is bound to spread around the world and become as rampant as it is the britain i do unfortunately it really isn't journalism i mean there is is no logical reason for your garbage the bottom line is that if the rampant popularity of tabloid journalism in the u.k. is any indication the rest of the world. cared for their own general to get. special floating cranes are preparing to lift the ship which sank in russia's volga river last sunday and search operation for fifteen missing passengers continues in the area nearby islands out of two hundred eight people who were on the cruiser one hundred fourteen a been confirmed there twenty eight of them children. on board one of the ships watching the recovery efforts. the two enormous cranes behind me up again the

process of lowering two cables which will then be threaded underneath the ship and used to right it's currently leading on its left side divers will then be able to go under to check for any of the remaining fifteen bodies that are yet to be found the shores are also being searched for any of those bodies and they'd also be able to search for the potential damage caused the bulgaria to sink they will eventually find that damage as the ship is ready to be raised to seal the hole to let all the water in and any other holes and then all the water inside the bulgari will be able to be pumped out making it's light enough to be raised the divers though i've got a difficult task ahead of them with me is. he's from the emergencies ministry under a could you maybe just tell us a bit about the conditions that the divers are working. with divers are currently working on the roof repaired but it's really difficult because of crew visibility basically you can't see anything even if it's right in front of

you and that's why the divers are preparing to lift the ship part. will to see what they're doing obviously this operation now everyone is waiting especially the relatives on the banks people who have yet to hear from those fifteen will be desperate for news of what has happened to their loved ones and increasingly investigators want to know what caused this ship to sink and sink so fast causing so much tragedy. tom barton and what if you missed anything we're showing here on screen you can always have to cheat dot com and here's what else you'll find on the web site of the moment u.s. activist a modern and torture is emerges a journey cold war america trained interrogations to use them fruitful methods at home and abroad for the ukrainian launches all the while the experiments were done to spend a month living with a family of law and small blogging about an experience you can find out what he's planning for chief public websites at all t.

dot com and also you can check out all of the best videos all new chucho. it's easy. to. see. the official policy allocation. on called talk. show on t.v. . video on demand. now in the palm of your. machine on the coffee.

if you want to achieve your dreams you're going to be ready to work for them and that's what indian people are doing in their droves and it seems staying at work longer than that western counterparts is paying off our teaser in english but how weigh in to reveal the reality of life in the new delhi rat race. it's a busy city with busy people india is a rising economic locomotive still what's the driving force behind its success it could very well be that people like. bulls are co-directors of a small one import company called divine and his indians have developed a strong liking for french and spanish languages young men are working overtime to fill their glasses and you have to be very flexible with your working hours. engineers who are going to globalization and because of oh you know you're interacting with so many people from abroad especially america or you know europe so. we can keep expanding is where we can say we only want to offer my defy what

people in britain for example can and do say that seven spent years working as a business consultant in the u.k. and he says brits watch that clock closely and britain people leave a five o'clock they won't stay later because i've got a train to catch for many years in britain and the other is that some people don't work in britain people don't work weekends it's changing a little bit now particularly in periods of economic recession. but generally it's a monday to friday as recently as just two years ago india had a six day long week the government has put in strict regulations regarding libor hours but that doesn't stop people from spending more time in the office then needed i've notice of the most significant difference in the kind of work culture in india an important is the pressure of people around the work above and beyond

they contracted hours. everyone will do this irrespective of really if there's work to be done if there is a small enterprise to wrong then all state regulations go out of the window if that advice is equal success then you have to make them i wouldn't really whatever. working at another level. i work on standards that is i'm an office working to go to all division process but these things are being organized so as far as. it is. but what may seem a fine example of did occasionally actually be a drawback in the office environment i think people are expected to do the job two or three people. even though the contract for those might say one thing which isn't always such a good thing because if you worked long hours it's going to affect your performance well europe and the u.s. spend their money on fighting wars and their time on trying to figure out a way to get out of a slump india is busy getting things done the indian way laura garnishes probably

because popular god in the entire hindu pantheon in india is supposed to bring prosperity and success to those who worship him but the success of indian businessmen should not be attributed to the divine help alone nine to five working hours just don't cut it here in the end still long hours of hard labor but at the end all of that hard work pays off in. new delhi. to some international news in brief we're covering today in a world first to vienna where thousands of mourners have joined the imperial style funeral of the last of the hunger and empire people gathered to pay tribute to crown prince. the son of lost and. royals and political leaders were in attendance . early this month the age of ninety eight and has been buried in the imperial crypt. despite warnings from china u.s. president barack obama has held a private meeting with the exiled tibetan spiritual leader the dalai lama the

chinese government called on the united states to cancel the top saying it would damage relations between the countries expected to discuss the dalai lama's hopes for tibet to be autonomous china has accused him of pushing for full independence. but is one of president hugo chavez is to return to cuba for more cancer treatment . he's just been given approval from the national assembly for the trip was required by the constitution was returned to venezuela after spending nearly a month in cuba where he had to choose from his pulpit region removed his battle with cancer has raised doubts or is fitness to lead the country officially he still plans to run for election next year. syrian opposition members have been holding meetings in damascus in istanbul to discuss ways or else to present this comes after a massive nationwide protest rocked the country on friday leaving at least thirty two people dead hundreds of thousands of anti-government demonstrators poured into the streets of the capital and other cities before facing

a crackdown by security forces the government and national dialogue the protesters are demanding president assad steps down. he's a russian born gold prodigy had his chance in the game after being adopted by american parents but for like of let's see his biggest challenge isn't finding form on the fairways but fine in the family he left behind. all of that as the story. she might have a smoother swing but from the outside nicholai looks no different to the pampered junior players and this hyper exclusive moscow golf club but this couldn't be further from the truth we call i come alaska was an eleven year old all for when he was adopted by an american family can never say that life is easy you know and basically they make you feel like it's nothing we are nothing to me when i came to united states i had a lot of problems emotionally and credible young man he is someone who has taken on many challenges in his life and he's always overcome then came to golf one day i

guess winning a golf club in a backyard. with a seven iron i don't remember exactly but i had no idea what it was i just was a piece of metal and i asked him what it was and he told me and then he asked me to he said you want to be one of the i tried it and i hit it straight. and he said you're playing. this sport making headway in sport because one thing nicholai could not get. when he moved to the united states nicholai was separated from his younger sister and brother and lost track of them he rejected several sports scholarship offers top years colleges to play for the russian national golf team so you can search for his siblings. doing a top junior tournament heard news about his sister my whole life. my dad and we have paid a lot of money different companies to try to find her and then i met family out of

nowhere and they found her in less than two weeks so to me i never thought i was ever going to see her again reunited last nicholai sister understood was never adopted she's about to graduate from a school in southern russia. when i heard about my brother and i thought it was a prank my friend played on me i don't remember much of him but i'm going to become close again. i'm going to buy her a computer so that we can talk to each other all the time so that we never lose touch again but when you put it all. back in moscow nikolai has won the prestigious title though series tournament and will compete against europe's top young players later this year but he says now his priority is finding his brother we can only wish nicholai the best in his dream to become a professional golfer. whatever happens next he's already a winner. in moscow.

looking back we review of all our top stories in just a few moments this is all to see and i've been most kind.

the so. the so. wealthy british.

markets why not. find out what's really happening to the global economy in the kinds of reports. hungry for the full story we've gone to. the biggest issues get a human voice face to face with the news makers. download the official seattle acacias on the phone the i pod touch from the i.q. saps to. cianci life on the go. see video on demand on t.v.'s minefield comes an r.s.s. feeds now in the palm of your. questions on the com.